Sales of $11.0 billion were level with Q2, 2023, compared to a 2% increase in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share were $1.09 and $1.35, respectively Paid dividends of $134 million 2024 outlook for Total Sales largely unchanged, Adjusted EBIT Margin range narrowed to 5.4% to 5.8% AURORA, Ontario, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2 ...

Sales of $11.0 billion were level with Q2, 2023, compared to a 2% increase in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share were $1.09 and $1.35, respectively Paid dividends of $134 million 2024 outlook for Total Sales largely unchanged, Adjusted EBIT Margin range narrowed to 5.4% to 5.8% AURORA, Ontario, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2 ...

Analysts on Wall Street project that Magna (MGA) will announce quarterly earnings of $1.54 per share in its forthcoming report, representing an increase of 2.7% year over year. Revenues are projected to reach $11.12 billion, increasing 1.3% from the same quarter last year. Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock ...

The market expects Magna (MGA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price c ...

MAGNA INTERNATIONAL INC. SECOND QUARTER 2024 RESULTS WEBCAST LIVE AUDIO WEBCAST Webcast registration: https://events.q4inc.com/attendee/760182349 Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963 Conference ID: 9829976 REBROADCAST INFORMATION Replay available 2 hours after the call until August 9, 2024 INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 AURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) -- Magna Internatio ...

FRIDAY – AUGUST 2, 2024 8:00 AM ET Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963 Conference ID: 9829976 Toll-Free Dial-In: 1-800-770-2030 Toll Dial-In: 1-609-800-9909 Conference ID: 9829976 MAGNA INTERNATIONAL INC. SECOND QUARTER 2024 RESULTS WEBCAST DIAL IN DETAILS REBROADCAST INFORMATION Replay available 2 hours after the call until August 9, 2024 TELECONFERENCE CONTACT Nancy Hansford, Executive Assistant, Investor Relations nancy.hansford@magna.com 905-726-7108 AU ...

Magna's reconfigurable seating system allows the vehicle to adapt to the consumer, instead of forcing the consumer to adapt to the vehicle. The integration of power swivel seats with nearly two meters of power long rails, shared by front and rear rows and the center console, creates a 270-degree rotation of both the driver and front passenger seats. This configuration also increases the seat track articulation distance of both front and rear seats, resulting in a more versatile and adaptable seating arrange ...

Magna's reconfigurable seating system offers flexibility for more in-cabin space "The global mobility landscape is continuing to evolve, with vehicles increasingly becoming a flexible mobile living space for today's road users," said John Wyskiel, President Magna Seating. "With our strong R&D and innovation capabilities in China and around the world, we can respond quickly to the needs of our customers and create more localized innovative solutions to meet their expectations. The reconfigurable seating solu ...

Image Source: Zacks Investment Research Weak Q1 Results: Magna reported first-quarter 2024 adjusted earnings of $1.08 per share, which declined from the year-ago quarter's $1.11 per share and also missed the Zacks Consensus Estimate of $1.28. Sales, although inching up 2.7% year over year, fell short of the consensus mark. Free cash flow was negative $270 million in the quarter as the company continues to invest heavily in the development of technologically advanced products. While that would indeed create ...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES AURORA, Ontario, May 27, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an agency agreement providing for the issuance, by way of private placement in each of the provinces of Canada, of CAD$450 million aggregate principal amount of senior unsecured notes due 2029. The notes will bear interest at an annual rate of 4.80% and will mature on May 30, 2029. The of ...